Health-care companies claim they are not threatened by Amazon's potential foray into the space. A recent lawsuit suggests otherwise.Technologyread more
It wasn't supposed to be this way: The 2017 tax cut and aggressive moves toward deregulation were supposed to pull the U.S. economy out of its glacial move higher.Economyread more
The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday.Bondsread more
Slack pursued an unusual direct listing, meaning it did not have banks underwrite the offering.CNBC Disruptor 50read more
President Trump says Iran may not have intentionally downed an unmanned U.S. surveillance drone.Politicsread more
Slack's public market debut on Thursday will generate billions for venture firm Accel and healthy returns for Andreessen Horowitz and Social Capital.Technologyread more
The road to the Fed's policy pivot to lower interest rates began in early May, with a tweet from President Trump on trade.Market Insiderread more
See which stocks are posting big moves after the bell on June 20.Market Insiderread more
Chairman Jerry Nadler, D-N.Y., said in a statement that lawyers for the Trump administration blocked Hicks from answering questions 155 times during the Wednesday hearing.Politicsread more
Jim Cramer says "you'll want to keep some powder dry so you can buy into weakness and get some real bargains."Mad Money with Jim Cramerread more
CNBC analysis using Kensho found that Disney, Verizon and Home Depot were some of the best performing Dow stocks in declining-rate environments.Investingread more
Clearer skies are ahead for American businesses betting on drones.
New rules by the U.S. Federal Aviation Authority (FAA) go into effect Monday, clarifying what is acceptable commercial usage of small unmanned aerial vehicles (UAVs), also known as drones.
Commercial drones must weigh less than 55 pounds, fly up to a maximum of 400 feet in altitude, at a speed of no more than 100 miles per hour, and can only be operated during daytime and up to 30 minutes before sunrise and after sunset, according to the FAA rules. Drone operators must also qualify for flying certificates and be at least 16 years old.
Previously, drone operators had to apply for special waivers from the FAA—a time-consuming and pricey process—to use UAVs for business.
"The current FAA scheme requires commercial drone operators to spend months waiting for an exemption and to employ a pilot with a manned aircraft license from the FAA. Those high barriers to entry have prevented many companies from exploring the benefits of drones in their industry, and have been a source of frustration for business owners for years," DJI, the world's biggest commercial drone-maker, explained in a June statement.
The new rules will allow drones to be put to work in construction, surveying, agriculture, firefighting, search and rescue, conservation, academic research, film and video production and countless other fields that will benefit from an affordable aerial perspective, DJI said in a Friday press release.
Operators still need to apply for waivers if they seek to fly drones at night, above 400 feet and in other specific types of operations, the FAA noted.
The new rules could generate more than $82 billion for the U.S. economy and create more than 100,000 new jobs over the next 10 years, the FAA said, citing industry estimates.
While the new laws don't specifically address deliveries, they will help spark more research and innovation on drone delivery, Graham Wild, a senior lecturer at Australia's RMIT University, told CNBC's 'Street Signs' on Monday.
A number of businesses, such as e-commerce giant Amazon, have announced plans for drone deliveries, but many have outsourced delivery operations to other countries due to a lack of proper regulation in their home market, Wild explained.
For example, Nevada-based start-up Flirtey announced a partnership with Domino's Pizza in New Zealand last week on what the companies called "the world's first commercial pizza-by-drone delivery model."
New Zealand boasted the most forward-thinking aviation regulations in the world, Flirtey CEO Matt Sweeny said in a statement.
Boeing, meanwhile, has conducted drone operations in Australia, which was one of the first countries to regulate UAVs, Wild noted.
Wild believes Americans could get their pizza and Amazon deliveries via drone later this year or early next year, following in New Zealand's footsteps.
But critics flag U.S. population density as a major challenge to implementation.
Spacious countries such as New Zealand offer a better environment for drone deliveries, compared to New York's crowded landscape for example, Standard Chartered's Chief Asia Economist David Mann told CNBC on Monday.
—Follow CNBC International on and Facebook.